Which of the following statements about substantive economics is reasonably accu

Question

Which of the following statements about substantive economics is reasonably accurate?

A. Substantive economics offered a critique of formal economics.

B. Substantive economics was unconcerned with the “substance” of how people make a living.

C. You cannot understand cross-cultural economic behavior without framing it in terms of unlimited wants.

D. Substantive economics changed the way that economists think about economic behavior.

E. Substantive economics emerged from Leslie White’s neo-evolutionary theory.

Explanation / Answer

Ans. Substantive economics changed the way that economists think about economic behavior. This statement about substantive economics is reasonably accurate. So the correct option is D.

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